RD004 – Profitable / Loss-Making Companies – Which Benefit from R&D Tax Relief?
In this fourth episode of the R&D Tax Credits podcast, we cover which tax profile of company can benefit from the UK Research and Development tax relief between:
- Profitable SME companies – paying corporation tax
- Loss-Making SME companies – not paying corporation tax
There is a common misconception amongst business owners that if they fall into the second (loss-making) category then there’s no benefit to be gained from the R&D tax incentive – after all, they’re not paying corporation tax and the R&D tax incentive is a corporation tax incentive… But this is wrong.
Both categories of company tax profile can benefit with cash refunds in both cases – listen to learn more.
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